Trust Point Inc. Buys 3,233 Shares of Trane Technologies plc $TT

Key Points

• Trust Point Inc. increased its Trane Technologies stake by 255.8% in the second quarter, adding 3,233 shares to hold 4,497 shares worth approximately $2.21 million. Institutional investors and hedge funds collectively own 82.97% of the company.
• Trane Technologies exceeded quarterly expectations, reporting $4.31 in EPS and $6.35 billion in revenue, up 10.6% year over year. The company issued fiscal 2026 EPS guidance of $15.20–$15.30.
• The company declared a quarterly dividend of $1.05, or $4.20 annually, yielding about 0.9%. Analysts maintain a “Moderate Buy” consensus with an average price target of $520.07, while CEO David Regnery sold shares worth approximately $20.8 million under a 10b5-1 plan.

Trust Point Inc. raised its stake in Trane Technologies plc (NYSE:TT - Free Report) by 255.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,497 shares of the company's stock after purchasing an additional 3,233 shares during the period. Trust Point Inc.'s holdings in Trane Technologies were worth $2,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tucker Asset Management LLC acquired a new stake in Trane Technologies during the fourth quarter worth about $25,000. Wilkerson Advisory Group LLC grew its holdings in shares of Trane Technologies by 136.0% during the 1st quarter. Wilkerson Advisory Group LLC now owns 59 shares of the company's stock worth $25,000 after purchasing an additional 34 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in shares of Trane Technologies during the fourth quarter valued at approximately $32,000. Elevation Wealth Partners LLC lifted its position in Trane Technologies by 153.8% in the second quarter. Elevation Wealth Partners LLC now owns 66 shares of the company's stock worth $32,000 after purchasing an additional 40 shares during the period. Finally, JPL Wealth Management LLC acquired a new stake in Trane Technologies during the third quarter worth $32,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Trane Technologies Trading Up 0.7%

TT stock opened at $482.22 on Friday. The business has a fifty day moving average price of $473.07 and a 200 day moving average price of $455.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.07 and a quick ratio of 0.76. Trane Technologies plc has a fifty-two week low of $348.06 and a fifty-two week high of $505.87. The stock has a market capitalization of $106.10 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 2.10 and a beta of 1.19.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $4.31 EPS for the quarter, topping analysts' consensus estimates of $4.27 by $0.04. Trane Technologies had a return on equity of 35.72% and a net margin of 13.28%.The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same quarter in the previous year, the firm earned $3.88 earnings per share. The business's revenue was up 10.6% on a year-over-year basis. Trane Technologies has set its FY 2026 guidance at 15.200-15.300 EPS. Analysts expect that Trane Technologies plc will post 15.27 EPS for the current fiscal year.

Trane Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 0.9%. Trane Technologies's dividend payout ratio (DPR) is currently 31.82%.

Insider Activity at Trane Technologies

In other news, CEO David S. Regnery sold 43,778 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $475.00, for a total transaction of $20,794,550.00. Following the completion of the sale, the chief executive officer owned 96,950 shares in the company, valued at $46,051,250. The trade was a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.43% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TT shares. Citigroup dropped their price objective on shares of Trane Technologies from $570.00 to $566.00 and set a "buy" rating for the company in a research note on Friday, July 31st. KeyCorp raised their price target on shares of Trane Technologies from $525.00 to $555.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Wall Street Zen raised Trane Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. BNP Paribas Exane began coverage on Trane Technologies in a research note on Tuesday, April 14th. They issued an "outperform" rating and a $550.00 price target on the stock. Finally, Barclays increased their price objective on Trane Technologies from $507.00 to $585.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $520.07.

About Trane Technologies

Trane Technologies NYSE: TT is a global climate solutions company focused on heating, ventilation and air conditioning (HVAC) and transport refrigeration systems. The company develops, manufactures and sells a broad range of climate-control products under well-known brands, including commercial and residential HVAC equipment, building management systems and controls, and transport refrigeration units. Its product portfolio spans rooftop and packaged units, chillers, furnaces, air handlers, compressors, and related components designed for commercial buildings, industrial facilities, residences and transportation applications.

In addition to equipment, Trane Technologies provides lifecycle services that include installation, maintenance, parts, retrofit and aftermarket support, as well as digital and controls solutions for building performance and energy management.

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